UK firms plan biggest pay rises since 2012 to fill staff gaps – by fx_ross UnitedKingdom GBPUSD Politics BOE
''With the Bank of England fearing the surge in inflation could be harder to tame if pay deals keep rising, the Chartered Institute of Personnel Development said 55% of recruiters planned to lift base or variable pay this year as they struggle to hire and retain staff in Britain's tight labour market.''
Reuters explained that, ''expected median annual pay awards in 2023 rose to 5% - the highest since CIPD records began in 2012 - from 4% in the previous three months.
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